India Can Achieve GDP Growth of 10% by FY-2019-20: CII

Posted By: Religare
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Confederation of Indian Industry has said that India can achieve a gross domestic product (GDP) growth of 10 per cent by fiscal year 2019-20 on the back of wonderful opportunities available in the economy.

    India Can Achieve GDP Growth of 10% by FY-2019-20: CII

    Commenting on the issue, Confederation of Indian Industry (CII) President Shobana Kamineni told the media, "We strongly believe that India can build up to a 10 per cent GDP growth in the next three years. For the current year, CII analysis shows the GDP growth rate can be 8 per cent."

    "This can be achieved by targeting 1 per cent additional growth each year that would also lead to creating many more jobs. It is eminently possible to create 5 million jobs each year, if the GDP growth rate can be boosted by an extra 1 per cent. CII's analysis shows that as of now, we are creating about 3.7 million jobs annually," Kamineni said.

    "The drivers for this step up in growth would include the benefits from implementation of GST, and greater participation of women in the labour force," she added.

    Read more about: gdp
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more